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plans for next year. and someone here says, this is why. >> you know the phrase you always use, obama and biden want to raise taxes by a trillion dollars, guess what? yes, we do in one regard. we want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may be feeling more confident these days, but their employers don't share the optimism. they're worried what's ahead and what's ahead are future tax increases, for small business owners still, these are people that own delis and dry cleaners and pave your driveways, not fat cats and million fairs and billionaires, they'
w. bush did in 2005, because of katrina. when obama did it, a year ago, it was because of libya. and in each case, price the went down significantly. i don't think the obama administration will do it now because it will look too political and might actually be political if they were to do it, but i would note that gas prices are starting to come down from where they had been and romney, who is blaming obama for the increase in gas prices is not giving obama any credit for the gas prices actually going down. >> all right. jonas? >> i think that the government could make money trading this thing, and in charge of the spr. and sell at $100 a barrel and announce you're going to drill in the public lands and-- i'm saying that's not the job of government and moreover a political thing wouldn't become a thing it make money, it'd be to drive prices down before the election. and for the iran situation, that's probably what it's for an old-fashioned concept we don't use it because people don't like $4 gas, gas is going to get more expensive every year because there's less of it. get use t
to his critics. the scary thing about president obama, four years in office and he doesn't listen. >> adam, want to go to you for the last word. >> well, mitt romney's had a lot of critics, you have to listen when it's in your own party as gerri was saying and the republican party was like, it's like some sort of weird sort of thing, and personality and-- >> and everyone agrees. >> i don't disagree, charlie. >> let me tell you everyone agrees that mitt romney played the rope-a-dope game perhaps too long and he did come out fighting and i think it reinvigorated a lot of people aen certainly should have an impact on the money. how much we'll find out. by the way, guys, did you see this? >> this is a man who has shown throughout his life, a life of integrity, a life of honor, a man with a moral compass, with a bed rock of principles. >> we need you, we need you. >> so who do we need? >> cavuto, of course. and his all-star coverage of next week's vice-presidential debate. now, it's going to kick off at 4 p.m. eastern on the fox news channel and then 8 p.m. on the fox business network
a clear admission that the middle class buried these last four years. and the obama years, that would be. he later tried to walk the statement back, saying the middle class was buried by policies supported by mitt romney and paul ryan. joining us now is congressman peter welsh, who joins us frequently on "varney & company." welcome back, good to see you. >> good to be here. i'm sure we're going to agree that the middle class has indeed been buried. income down about $4,000 in the the last four years for middle america. i say it's because of the pills of stimulus, a massive government spending, and heavy regulation simply has not produced a robust economy which would raise the middle glass. it's subdued the middle class. what's your explanation. >> well, i mean, that's the debate between governor romney and president obama. i mean, you're right. and that's the middle class is really struggling. something that's been true really for 30 years, when you look past what's happened in the middle class the last 30 years, it's basically treading water and it's gotten much tougher in the past four
marks. telling reporters the middle-class has been buried over the last four years not even aware obama was leading the nation and robert gibbs said he was referring to damage the bush had caused. >> we had eight years of terrific decisions, wall street rate teeing its own rules that took place four years ago of which we had to dig out from each day. be clear. the middle-class was buried for a lot longer than we were dealing with bad economic decisions. lou: stephanie cutter contradicted trying to spin them out of the last four years telling another network we're absolutely not we made our predecessors by any means. three days after david axelrod and senior advisor told different stories of what the president knew of the terrorist attack in benghazi. less than 24 hours the president is in a debate with himself. of the daily caller uncovers a tape of senator obama june 2007 engaging in defense of class warfare rhetoric to a group of black ministers. take a look at his controversial remarks from his 2007 speech side-by-side with remarks less than one year later. >> special shout out to my
white americans voted for obama in 2008 and had voted for any democrat for president in nearly 40 years. obviously a lot of people and that hope. i think seeing him do it himself is what is so arresting about this video, but usually it is being pushed by white liberals. if you don't go for obama america is racist. that statement by romney. and they do it -- they don't care about the historic nature. otherwise they would have been supporting clarence thomas' nomination to the supreme court. they like him because he is the most left-wing president we have ever had, and they can defend his liberal policies by calling his opponents and critics racist >> i want to read the response to this video. they're calling it a desperate. in a transparent attempt to change the subject, his allies recirculated video of the 2007 event. the romney campaign believe that americans would accept the desperate attacks. it is they who are in for a surprise. your response? >> i love how the media, if this was available before, we never saw it. according to tucker carlson, the transcripts of the prepared remarks,
to be worse off than me, why is president obama four years into his term, why is he out front? >> because people haven't been convinced that mitt romney is any better. in fact, when we take the uncommitted voters we were talking about, most of them say, the economy is not going to get better if barack obama is reelected only 14% thinks there will be an improvement in the economy if the president is reelected. only 28% think that things get better if mitt romney, he has not closed the sale things would be any different if he was president. stuart: i think your tracking poll is one of the most accurate out there. >> always great to be with you, stuart. stuart: 9:50 eastern, here is the gold report. 1,790 po 1,790.70. close to 1800 bucks. off $16. dow up, oil up, gold up. we're less than 15 minutes away from the latest read on the economy and that would be, and that comes before friday, and the big jobs report. we're going to cover all of it for you, 0 i believe, and i will give you my take on the latest bubble. it's not what you think. coming up next though, a fortune, and misfortune, and r
of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told lockheed they do not need to abide by the law. telling lockheed it will cover potential legal costs if they incur any benpality, obama administration. clearly does not want those layoff notices delivered just days before the election. >> president obama downplaying expectations for wednesday's debate. saying he is an okay debater, according to a new washington post abc news poll, 55 percent of likely voters think that president will win this first debate, and 41% think that romney will win. joining me now, ed klein, author of "new york times" best seller "the amateur." great to see you, this is cute, the downplay, one of these, i can't think of another moment of modesty on the part of this president other than this example of trying to manage expectations. >> the golden-floated orator is bumbling,. lou: the idea he is such a heavy favorite to win the debate, that has to work in governor romney's favor. >> almost 6 out of 10 americans think that obama will take th
to what they knew was a security issue on 9/11, put that together. lou: put your 5-year-old on notice, there is likely to be a openingoon, mike baker thank you. >> thank you. lou: much more, president obama's home state public employees pensions bleeding illinois dry. their governor crying for help. would a second obama ter term ma bail out for illinois? we take a look. >> president headlines vegas as he prepares for the first presidential debate. >> you may have heard, in a few days my opponent in this elect, and i are having a debate, i am looking forward to it. it. i. lou: ed klein author of best selling book, the amateur, on the obama administration, here this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur lou: the president holed up in las vegas prepatiencing for thk- preparing for first debate on wednesday. what is going on with t
. obama: that's what we've done. romney: you've been president four years. you've been president four years. you said you'd cut the deficit in half. the cbo says we'll have a trillion dollar deficit each of the next four years, if you're reelected, we'll get to a trillion dollar debt. you have said before you'd cut the cef sit in half, and i love this idea of $4 trillion in cuts, getting closer to a balanced budget, except we still show trillion dollar deficits every year. that doesn't get the job done. let me come back and say why is it that i don't want to raise taxes. why don't i want to raise taxes on people? and actually you said it back in 2010, you said, look, i'm going to extend the tax policies that we have now, i'm not going to raise taxes on anyone because when the economy's growing slow like this, when we're in recession, you shouldn't raise taxes on anyone. well, the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made that statement. and so if you believe the same thing, you just don't want to raise taxes on people. and
, but the new promise is, he won't raise anyone's income taxes who earns less than 250,000 next year. so, obama himself in his campaign speeches says, if i get reelected president, 2014, katie bar the door, there is no protection for anybody. so the tax code-- >> you're saying attack on the tax issue, that's what you say mitt romney can, must and should do. >> and spending and just the overall spend, tax, policy of this administration which would only get worse in a second term. stuart: all right. governor norquist, always a pleasure, thanks for joining us, sir. >> good to be with you. stuart: are we headed into recession? it's a big question right now. some say, yes, we are. well, there is some evidence. 1.3% gdp growth in the second quarter, that's minuscule. the unemployment rate over 8% and it's been there for, well, almost four years. and we're just three days away from next jobs report which could be a bad one. and joining us is a senior economist at rbs. i want you to tell me, are we no, no, let me rephrase that. i want you to tell me i'm absolutely wrong, totally wrong if i say there's
. candidate obama right now for the next four years, about lowering the deficit. every now and then, there has been no wish to do it, no move to do it come until somebody gets undone,. neil: here's another question talking about economist. what if it's worse than they think it is. what we are headed into another recession. as gary pointed out, they are very at the least warning of a slowdown. not exactly robust demand here. but what if it is bigger than those who have been noting things slowing. what for the second straight quarter, earnings slow in general. are we there? what evening? >> i do not think we are there at this moment. i think the possibility exists. the averages are in our favor in the united states is doing better than what i thought it was going to be doing. >> are we benefiting because -- as awful as we are, when you look abroad when you look at the stronger countries and how they are unraveling, france comes to mind, brinton is in no great shape. i think we have a political environment that has a lack. >> i blame the president for that. i think that we will not be impervious
, which will pump $400 million to $450 million into the race like four years ago. obama here, romney here, outside groups on behalf of romney evening it up, and labor comes in like this. the president will out spend mitt romney. lou: when you talk about the gorilla there, it's not just union money, but ground forces going to work. are you satisfied that governor romney has a sufficient ground force ready to meet what will be a daunting ground operation on the part of the president obama? >> well, i don't know state-by-state, but i have talked to some of the people involved in some of these states who are old political hands and know what's going on. in ohio, they are already blowing through the 2004 bush ground game metrics with one exception -- voter registration. you have -- neither party's done a good job on registration this year. yeah, wisconsin, ohio, virginia, i mean, all the reports you hear from people paying close tension to it is that the ground game is big, massive, and strong on the republican side, and let's be honest, it's going to be big and massive on the democratic side
. >> there's a reason president obama struggled tonight. he struggled the last four years. you can't make a great defense of a record that's not been great. you can't communicate well things you have not delivered well. president obama has not had the four years he wanted to have. he had to talk about it and defend it tonight. he simply -- neil: what do you make, congressman, the argument, that the president is the champ; right? he survived without getting knocked down or knocked out certainly, the default goes to the champ. the champ regimely gets the decision. >> well, i don't know. i saw moments where it looked like he was on the canvas. when mitt romney was coming barks, and point by point saying, yes, you cut medicare -- neil: the five trillion, did you, you did not -- >> here's why it register. anyone on medicare knows the government does not give you a direct amount of money. the government reimburses the doctors. if the government cuts the money that reimburses your doctors, that's how the government cuts medicare. few understand that. neil: at the very least, you think mitt romne
not. if you want barack obama's specifics look what happened last four years. those are his specifics. with romney is in a bit of a bind though because the things he wants to do, when you get down to real brass tacks of them are not going to be popular, right? more tax cuts for super-rich. messing around with medicare. give us more specifics on that. see how that plays in florida. tracy: at the same time, enough is enough with handing out welfare checks, handing out food stamps. we're on our way to socialism. is that what american people want to hear. >> what ellis said we have four years of evidence what barack obama has done and what he would do next four years. the reason obama is not being specific because if he told us more of the same, more deficit spending, ever huger debts, more growing dependency, more welfare checks the american people would go screaming into the streets. tracy: talk about mitt romney now. mitt romney, everyone wants mitt romney to come out swinging. is that the way to do this tonight? >> if you're romney you have to be tough and aggressive. you have to hit
telling, and i think it is great because we can rely on joe biden. under the heel of the obama economy for four years. we are suffering, joe biden knows this and he forgot to not say it. i don't know if all the main street media will report it but we should not slam romney for jumping on it, that is what the vicvice president said. as the one that is what you call a ready-made gift. >> obviously people are soft. up and down the economy. the question really is joe biden to normal folks, who do you trust going forward and who is going to get you out of this? you may make fun of him but he comes out as a fighter. ashley: maybe stick to take other people's speeches, referencing when he plagiarized the uk labor leader speech back in '87. >> i remember that, actually. a problem with him now, my question, talk about how hard-pressed the middle class is now, he is right to say that, usually don't you hold the incumbent accountable for the economic woes we are facing? ashley: he blamed the previous president. >> to my point, if the middle class is hurting, i think you hold the incumbent account
record. >> but look, the people of ipoll last year, voted for obama in 08, they are disappointed. some are undecided. one major thing they liked about him, he promised to unify america, he is dividing it. him coming up there becoming a slash and burn president, he tried to have it with his campaign doing it. liz: can the president say, it could have been worse without me. >> only if challenger fails to say weadock it better, -- say we could do it better, gallup poll shows he won by 52 points, that is biggest margin history, reason, expectations were so low, his need was so great, and he performed so well. liz: time left, now the vice presidential debates coming up. you know joke out there is that, joe biden is stimulus for a journalist, his train of thoughts makes those local stops, but consensus performing that the vice president could really give paul ryan's run for the money. >> i think if ryan allows this to be a ego massage for himself over how smart i am and medicare. and you know yes, but ryan has to do is do the unexpected. stage was set today, if i was ryan, i would go after
the big banks as part of a mortgage working group formed by president obama last year. the first of its kind against a big bank and you can see stock to the downside down 1/3%. how are we doing on the major market averages? tech savvy nasdaq composite fractionally in the green. might be in our read in a moment. the s&p and the doubt to the downside antaeus and be down two points. dennis: j. p. morgan story no good deed goes unpublished. they rescued bear stearns and now they're sued by new york because of stuff that went on before the deal. really bad policy. american airlines grounding eight planes after passenger seats come loose in flight. tracy: stuart varney joins us to ask why anyone would fly american considering a union shenanigans' these days. fairing against the u.s. dollar. euro up and the leading dollar down. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ r
a number of policy speeches filling in the details that obama says are missing. here's number two. >> don't forget, you put $90 billion, like 50 years worth, of breaks into solar and wind to solyndra and fisker. you just don't e pick the winners 5e7 losers, but just the losers. gerri: that was my favorite. he said that would have hired 2 million teachers. first, the number one most memorable line is this -- >> mr. president, your entitled as a president to your own airplane and house, but not your own facts. gerri: that's a zinger. no wonder romney was the winner. still to come, the opening statements, energy was already on the table, one of the leading voices on energy. >> my plan is five basic parts. get us north american energy independent creating 4 # -- 4 million jobs. gerri: we have the leading voices in industry coming up. stay with us. ♪ gerri: president obama paying his dues for his less than but how much was blame goes to the stuff he doesn't say that he does? let's ask tonya, a body language expert. i'm excited about the conversation. what did you make of the debate? had to b
until four years ago. >> we have seen this obama's touting the buffer role with the minimum tax for millionaires that is one-tenth of the spending how will that six anything he has already created? it is the rhetoric joe biden maybe consistent of tax hikes but 1 trillion is tame for what they have proposed. simpson bowles was a $5 trillion tax hike 1 trillion is less than they want to see. charles: i don't know what comes next. by embracing. >> next week neil cavuto is live with the vice presidential debate 8:00 p.m. eastern. dear lohan a behind bars for protesting the keystone pipeline but now out of jail and here to explain. a high school girl bullied for wearing the mitt romney t-shirt. charles: a philadelphia lead at -- s16 year-old says she publicly humiliated your then called the school democratic. the district says they transferred to another class. the union will not comment for good is another example from the classroom to the mainstream media. this has to be one of the most egregious. >> certainly. she asked the student to leave the classroom and take off her shirt bec
the obama administration has no plan for next year in the romney view. and secondly, how they took their eye off the ball in the first administration and in looking at health care first and not enough on the jobs side of the equation and i think romney connected with people in saying his first focus is economic growth and job creation, and i think he did a very, very effective job of that last night. stuart: brian gardner, i appreciate you being with us. jobs, taxes, appearance, approach. we've got it. thank you very much indeed. a little earlier this morning, i'm going to the gold report. about 90 seconds early. sorry about that if i have upset your routine, i did want you to see that. gold is getting close to $1800 an ounce. 1,789.60, we're up 9.80 as of this morning. and i want you to check out the latest cover of news week. this is the coverage of news week, can you read it clearly? the democrats' reagan? what? assuming a second term? carol roth and general beala our post debate company and we have business and politics coming for you. newsweek, can you believe that? newsweek is our firs
. the jobless rate has been about 8% for more than three years. but president obama is getting a well timed bump care of the labor department. bystanders showing more jobs have now been created and lost since the president took office. does this hurt mitt romney's argument? let's ask former republican governor mike huckabee of arkansas. it is wonderful to have you. >> great to be here. lori: what do you think of this jobs revision? it seems to be a nice boost for obama. >> if he is looking for anything, this is the lifeline he has. the fact is, of the jobs that have been created are jobs that are being created at a much lower pay scale than the jobs that people lost. some 30% lower. the fact that people have got a job does not necessarily mean they're better off. the key thing is that median household income is down by more than $3,000. that is the real issue. lori: median incomes, talking about flat line, that is one of the crises of the jobs problem in this country that has been a reported. and let you mention it. tell me what you think the response should be. so far it has been just to tap th
cordray was appointed by president obama in january of this year, they have been moving very rapidly on all three fronts. melissa: yeah. >> unfortunately the net result is they're doing a disservice, not just to the industry that i represent, but to consumers themselves. melissa: why is it a disservice to consumers? >> because, what's going on here is that my clients, my banking clients, my non-banking clients, they won't make a move now without coming to me and other lawyers saying, what will the cfpb think about this? if they want to offer a new product to consumers, very often, low income consumers or people who don't have perfect 800 credit scores. melissa: so they're limiting products they're offeng which is not good for low income folks. those are the lowest fees. so those are the people you're going to cut are people are not spending a lot of money. this is why i wanted to do this story. if you go after banks and go after credit card companies and make them pay big settlents to consumers. that money doesn't come out of thin air. they turn around pass that along to who? their c
reaching record highs due to fuel shortages caused by a pipeline shutdown. well, excuse me one second year. forgive me. president obama hitting the campaign trail today after his dismal debate performance. joining is now, let's get right to it. what is he going to do now? >> i think this is an interesting question. at the top of your show you talked about how the liberals are so upset with president obama, and i think that was actually a turning point in creating a consensus in america that romney somehow brought to the obama. it was not so much conservatives , and that the conservatives to think romney won, but it was liberals. everybody from michael more to build more up in arms with president obama, so they want him to go at pain before he's seventh person at the offshore accounts. lou: but you don't think that obama got his tail kicked? >> i think the debate was a draw or something like that. lou: that draw? [laughter] >> when i look at it. lou: i just got over that. i want you to know -- >> don't spam me. lou: by the way, you're staring me. i can't believe that you, a practice to jour
than 7.5%. the weakest growth outlook in 11 years. turning back to politics, president obama's lack of popularity, putting democratic incumbents at significant risk. my guess, overtaking her opponent in the polls last week, after she made her debut on the national stage during the rnc. joining us tonight is republican candidate and utah's fourth congressional district candidate, mayor mia love. good to have you with us. >> hello, thank you for having me. lou: let's start with the situation in utah. comfortably a republican state. you are incumbent, you are the incumbent -- the incumbent you are challenging has been solidly in his position that he supports president obama. is that not a significant advantage now for you as this campaign closes? >> oh, yes, of course it is. utah, i believe, will support mitt romney overwhelmingly. i think we will have -- mitt romney will have more votes out of the state of utah than anye. the fact that he is supporting barack obama and has voted with barack obama 75% of the time, puts barack obama first instead of his district first, i think it is hur
in our lives. we've seen that role increase dramatically over the past four years with the obama presidency. how much is legitimate? how much is considered not legitimate by the voting public? a lot of people think that people have been persuaded by the degree to which the government has got involved in people's lives. other people say the tea party rebellion stirred up resentment towards the role of the government. let's ask the former office depot ceo, and we are pleased to welcome you now. steve, good to see you, thanks for being here. >> good to be here, david. david: the republican message, what's he got to make clear about the limit of the role of the government in our lives? >> well, i think if you talk to most business people, they say there's three legitimate roles for government in business. the first is regulation. from a regulatory stand point, the role of the government is to level the playing field, establish the boundaries, make sure that consumers are not getting hurt, but then get out of the way and let businesses compete, not continue to change the rules of the
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buried. >> how they can justify raising taxes on the middle class that is buried for the last four years. >> they are buried by regulation and taxes and borrowing and they are buried by the obama administration's economic failures. >> is the republican vice-presidential nominee right? hello, i am cheryl casone and welcome to cashin! we have wayne and johnathon and tracey and along with lloyd weber. you heard him the middle class getting buried. you agree with that? >> there are so many little taxes that we never paid before. middle class gets slammed by the federal tobacco tax and tax on manufactured drug companies. and any corporate taxes that increased came down to the prucks we purchase and laugh about the tanning tax, but that comes out of the wallets of the middle class . jersey maybe more so. it is money i don't have in the end of the day. >> all right, johnathon, what do you make of this? the last four years middle class and according to mr. biden, that -- >> i reject the notion that it is government's role to help the middle class or any class. joe biden came in years ago with mi
policy center says all that means is tax cuts of $480 billion in the year 2015. the obama campaign will divide that by ten and there is a $5 trillion tax cut figure over the next decade the president repeatedly cited during the debate. that is misleading. romney says he raises the full cost. he raises money elsewhere. personal exemptions and healthcare provision -- congress could presume economic growth from lower tax rates need more tax revenues to the treasury. economic growth means romney's plan works. >> it grows the economy so much. about 7.4% in the long run. over ten years. this revenue problem becomes much smaller. >> others like the tax policy center and the congressional budget office do not use overall economic growth as official ways to pay for lower tax rates. mcbride says it is somewhat ridiculous not to do so. there will be some growth from doing it. back to you. melissa: rich, that is so interesting that you got him to quantify the kind of growth we could see with that 7.4%. that is a part of the conversations that get really tough. >> a romney a point to a rise uni
. that is not automatic. john: the "washington post" headline obama cuts defense down to the bone? there is talk. we have the inflation adjusted chart. obama false light the then flat to. how was that to the bone? anything beyond the three years is fantasy. what we talk about and then near-term procurement, personnel, trai ning at has a devastating effect look as defense contractors announce layoffs in the hundreds of thousands john: i ain't how the navy and the marines get 29 percent, the army 26% is about the same every year and nobody makes choices. >> if you'd been there is not a vigorous debate then go to the pentagon. i'd think obviously this has to be evaluated on the annual basis and look at priorities. with increasing uncertainties plane need more capability is. not fewer. >> i think most people are on this side of john bolton. >> we have made choices. that plus to the economic advantage. loss of jobs or gdp. racing over the globe. >> he calls these and a war of choice. i was a person who said it is aware of toys to create a terrorist. >> you are wrong. but how would you defend america? we overt
energy a lot. this makes the point that barack obama has done everything possible to raise energy prices. years ago we said electricity rates will skyrocket in terms of slow walking permitting, the keystone pipeline,. melissa: the man hates gasoline. >> it's clever, but if you want to hit the administration where they are truly weak, i'm talking about since last year, but he one-hit the president where he is absolutely week, mortgages, mortgages, mortgages. the administration has done nothing to help middle-class americans when it comes to this to here is another one. take a look at this. it is an advertisement from this pennis u.s. catalog. there are no women in any of the items in the ikea catalog. who are the customers they are trying to sell to? >> cultural sensitivity. melissa: yes, that's right. >> if you want to talk about the real war on women, let's talk about this. you do have to be sensitive as to where you're trying to sell products be mentally recall that ikea had the first ads in the united states with the two men that were partnered. clearly, they are preparing the saudi's
gains. in all, that cuts revenue in the year 2015. the obama campaign multiplies that by 10, 5 trillion over a decade, other groups have disputed that cost. the reason is not a massive tax cut, the romney plan raises the same tax revenue elsewhere by eliminating itemize deductions, personal exemptions and health care provisions and assumes increased economic growth for lower taxes means more tax revenue to the treasury in one budget analyst says that plan worked. >> if it is to be revenue neutral, they wouldn't need to be other offsets, completely doable. more than a trillion dollars available in various credits deductions on the tax preferences. >> the difficulty of analyzing the romney tax plan if he only offers a framework of lowering tax rates and eliminating taxes and leaves the rest of the congress, and that is the hard part is figuring out who they have to eliminate. back to you. dennis: thank you very much, rich edson. cheryl: airlines beginning to see their profits rise thanks lower fuel costs and my next guest says he's cautiously optimistic on the sector overall. joining me n
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